Using the table, calculate the present value of an annuity of $50,0000 to be received at the end of each of five years at 6 percent interest?
Present value of an annuity of $1 at compound interest:
Periods123456789104.0%0.961541.886092.775093.629904.451825.242146.002056.732747.435338.110904.5%0.956941.872672.748963.587534.389985.157875.892706.595897.268797.912725.0%0.952381.859412.723253.545954.329485.075695.786376.463217.107827.721735.5%0.947871.846322.697933.505154.270284.995535.682976.334576.952207.537636.0%0.943401.833392.673013.465114.212364.917325.582386.209796.801697.360096.5%0.938971.820632.648483.425804.155684.841015.484526.088756.656107.188837.0%0.934581.808022.624323.387214.100204.766545.389295.971306.515237.0235810.%0.909091.735542.486853.169873.790794.355264.868425.334935.759026.1445711.0%0.900901.712522.443713.102453.695904.230544.712205.146125.537055.8892312.0%0.892861.690052.401833.037353.604784.111414.563764.967645.328255.6502213.0%0.884961.668102.361152.974473.517233.997554.422614.798775.131665.42624
Marbles
Small, spherical objects often made of glass, clay, or stone, used primarily as toys in games or as decorative items.
Friendship Temperament
An individual's characteristic pattern of behavior and emotional style which influences their approach to friendship and social interactions.
Friendship Skills
The abilities or competencies required to form, maintain, and enhance positive social relationships with peers.
Friendship Understanding
The comprehension and insight into the nature of friendships, including their formation, maintenance, and impact on individual development.